USA: MillerCoors to keep its name and headquarters in Chicago

MillerCoors will keep its headquarters in Chicago after Molson Coors purchases the 58 percent of the joint venture that it doesn't already own, The Denver Post reported on March 17.

MillerCoors will also keep its name, according to a letter that Molson Coors CEO Mark Hunter sent to employees on March 17. The business will be called "MillerCoors, a Molson Coors company," the letter said.

And Molson Coors will keep its corporate operational headquarters in Denver, the letter said.

Molson Coors announced in November that it was buying the rest of MillerCoors, a deal valued at $12 billion.

The purchase is part of Anheuser-Busch InBev's $107 billion proposed tie-up with SABMiller, which currently owns a majority share of MillerCoors. SABMiller is divesting its half of MillerCoors to ease anti-trust concerns.

InBev's takeover of SABMiller is subject to review by government regulators. The transaction is expected to close in the second half of this year.

The announcement on March 17 ends months of uncertainty, especially for MillerCoors employees in Chicago.

Hunter wrote in the letter that the company wants to ease any anxieties over the acquisition "as quickly as possible as decisions are made."

"While these are exciting times for both organizations, we recognize the anxiety and distraction that can come with questions about what the future business looks like," the letter said.

18 March, 2016